November 23: 5 Things You Need to Know This Week
November 23, 2020
Video of the Week: Congratulations to $pending Frenzy developed by Shawn Spruce in partnership with the First Nations Development Institute for receiving the Education Program of the Year at this year's NAFOA Leadership Awards. Watch Shawn's award acceptance video.
ACTION ALERT: SUPPORT EXTENSION OF CRF USE OF FUNDS
On November 17, 2020, U.S. Senators Lisa Murkowski (R-AK) and Maggie Hassan (D-NH) introduced S. 4898, legislation that would extend the period during which states, tribes, and territories may use Coronavirus Relief Fund (CRF) payments.
This legislation would allow CRF recipients to use their funds through September, 2021, rather than the current looming deadline of December 30, 2020.
NAFOA has put together this sample letter that we encourage tribal leaders to use to as a template to reach out to their congressional delegation immediately in the House and Senate to support this legislation.
2. PROFESSIONAL DEVELOPMENT:
WEBINAR: UNDERSTANDING THE COST OF CAPITAL
All capital, the money tribal organizations/enterprises have available for investments and other projects, has a cost (or demand for yield) associated with it. In this webinar, you will learn what cost of capital is and how to compute the weighted average cost of capital (WACC). The course also touches on how to compute the individual costs - cost of debt and cost of equity. This webinar is for young professionals entering into tribal finance and accounting
Join us on November 30 at 11:00 am EST. The webinar is free and open to the public. Register today.
3. RECENT PUBLICATIONS:
ONAC "NATIVE WOMEN BUSINESS OWNERS: BUILDING ASSETS, STRENGTHENING THEIR COMMUNITIES, AND WORKING TO CLOSE THE WOMEN'S WEALTH GAP."
For the past four years, Oklahoma Native Assets Coalition Inc. (ONAC), has participated as a member of the national Closing the Women’s Wealth Gap (CWWG) Initiative. CWWG has periodically asked ONAC for data and insights on Native women and wealth gaps they face. ONAC provided aggregated data collected from our various asset-building programs, such as numbers of Native women opening Children’s Savings Accounts and Emergency Savings Accounts, their ages, and if their household incomes were 200% or below the federal poverty level, but ONAC had less data about Native women entrepreneurship—a recognized strategy for closing the women’s wealth gap. In an effort to build a dataset to report on Native women entrepreneurs and their experiences, ONAC conducted an online survey in July 2020, to collect information about realities faced by Native women entrepreneurs as they work to support their families and tribal communities.
2020 INTERTRIBAL AGRICULTURE COUNCIL (IAC) VIRTUAL CONFERENCE
This event historically focuses on improving federal and state program access, policy change through the U.S. Farm Bill as well as innovative and regenerative agriculture methods that will help inspire broader market access for Native products, improved ecological conditions, and increased overall sovereignty for Native producers.
In the past, the in-person conference attracted an average of 800-plus attendees from every sector. Designed with Native farmers and ranchers at the center, participants also include governmental, non-governmental, youth, and private sector representatives.
The virtual format of the 2020 conference offers unprecedented opportunities to reach new and far larger audiences who are increasingly interested in the future of food and agriculture.
Registration is NO COST so that all may feel able to attend. CLICK HERE TO REGISTER: December 7-10 Virtual Conference Registration Link
5. NATIVE AMERICAN HERITAGE MONTH EVENTS:
VIRTUAL MEDICINE RUN/WALK: SAFETY AND SOVEREIGNTY FOR OUR SISTERS
In honor of Native American Heritage Month in November and Native American Heritage Day (11/28), the National Indigenous Women's Resource Center invites you to join our Virtual Medicine Run/Walk for Safety and Sovereignty for Our Sisters. Together, we will unite across Turtle Island as medicine for our sisters and 2SLGBTQ relatives who are disproportionately affected by violence. Run for safety. Run for sovereignty. Run as medicine for Indigenous people.
Native women, girls and our Two-Spirit relatives are being taken from us at an alarming rate, where in some tribal communities, Native women are murdered at more than 10 times the national average. We are more than these statistics. As Native people, we know this violence is linked to the colonization of Native nations, lands, and peoples. Together, let’s unite in the call for safety and sovereignty for Indigenous women, girls and 2SLGBTQ relatives across Turtle Island.
Participants will have four days (11/26-11/29) to complete their 1k, 5k or whatever distance they choose over the holiday weekend. Learn more and participate in the Virtual Medicine Run/Walk.